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Originally posted by The Old American
Originally posted by Destinyone
reply to post by Valhall
Even though I've paid into the SS system for my whole life, and am entitled to SS...I really have no faith in it. Yes, I'll be 62 before the year ends, and can claim now, I won't. In the event there is still a SS system in place when I reach 66, I'll file then...maybe.
The reason I started a new business at the age of 60, with me at the helm, is to support myself through and to the end of my life. I don't expect anyone else to support me. I know depending on a broken system, is a crapshoot at best. I had no choice in SS taking money out of my paychecks for most of my life...I've made damn sure, I'm in control of my choices now.
Des
Here's the kicker, Des: you're NOT entitled to it. The SCOTUS ruled in Nestor v. Fleming that SS is only a tax, and that nobody is entitled to anything back from that tax. Just because the benefit is given, doesn't mean you'll automatically get it. This is how it was sold to the American public, but it was big, fat lie. It's only an extra tax to help pay for our interminable wars.
/TOA
Originally posted by Destinyone
I'll not be trapped in that Ouroboros...
Des
For 250 years and more many American families, like the first colonists, measured their security in terms of the things they could make and do for themselves. As the frontier stretched westward, covered wagons carried with them the habits and ideals that had conquered the wilderness at Jamestown and Massachusetts Bay. Now automobiles plunge in days over the trails that a scout on horseback or a wagon could travel only in months, and airplanes cross the continent in a single hop. The ways in which American families live have changed as swiftly as the ways in which they travel.
Old people, like children, have lost much of their economic value to a household. Most American families no longer live in houses where one can build on a room or a wing to shelter aging parents and aunts and uncles and cousins. They no longer have gardens, sewing rooms, and big kitchens where old people can help make the family's living. Old people were not "dependent" upon their relatives when there was need in a household for work they could do. They have become dependent since their room and their board cost money, while they have little to give in return. Now they need money of their own to keep the dignity and independence they had when their share in work was the equivalent in money.
"SECURITY was attained in the earlier days through the interdependence of members of families upon each other and of the families within a small community upon each other. The complexities of great communities and of organized industry make less real these simple means of security. Therefore, we are compelled to employ the active interest of the Nation as a whole through government in order to encourage a greater security for each individual who composes it.... This seeking for a greater measure of welfare and happiness does not indicate a change in values. It is rather a return to values lost in the course of our economic development and expansion." Franklin D. Roosevelt: Message of the President to Congress, June 8, 1934.
The federal government now includes Social Security in its debt portfolio, not because the program is insolvent or ever was, and not because the Federal government has to fund it in any sense (Social Security is funded by YOUR investments) but because the Federal government has STOLEN so much money from the fund, then sold special treasury securities on those STOLEN funds to countries like China to finance the massive debt accruing across the board. A Since there is no chance the national debt can ever be repaid, the Fed is now in the position of finagling the discharge of internal debt from the books. Look at it as a form of back door bankruptcy.
Originally posted by badgerprints
Romney's plan allows me to live off of the money that I earned and contributed.
I'd rather live off of what I've earned than something that the government stole from others.
Originally posted by YourWIFI
They are against this LOW-RISK option that will be there for retirees IF IT OPERATED CORRECTLY and not raided. There would be HUGE SURPLUSES if allowed to operate as it SHOULD and not abused.
So what are the Conservatives for when it comes to our retirees? They are in favor of the HIGH-RISK gambling casino type retirement plans where corrupt greedy scumbags profit on it with NO regulations stopping them from leaving our elders left with NOTHING in the end. Conservatives are all about the unregulated, high-risk gabling casino type society where the corrupt greedy scumbags profit at the expense of the commoner working class and middle class American folks.
Originally posted by Destinyone
Originally posted by The Old American
Originally posted by Destinyone
reply to post by Valhall
Even though I've paid into the SS system for my whole life, and am entitled to SS...I really have no faith in it. Yes, I'll be 62 before the year ends, and can claim now, I won't. In the event there is still a SS system in place when I reach 66, I'll file then...maybe.
The reason I started a new business at the age of 60, with me at the helm, is to support myself through and to the end of my life. I don't expect anyone else to support me. I know depending on a broken system, is a crapshoot at best. I had no choice in SS taking money out of my paychecks for most of my life...I've made damn sure, I'm in control of my choices now.
Des
Here's the kicker, Des: you're NOT entitled to it. The SCOTUS ruled in Nestor v. Fleming that SS is only a tax, and that nobody is entitled to anything back from that tax. Just because the benefit is given, doesn't mean you'll automatically get it. This is how it was sold to the American public, but it was big, fat lie. It's only an extra tax to help pay for our interminable wars.
/TOA
That is exactly why SS is now, not factored into *my* retirement plan. I'm not planning on retiring, I'll be working until the day I die. But, I am now in control of the money I make. I am planning my own financial future, without factoring in the hopes that I'll hit some unguaranteed Jackpot when I turn 66. I have no faith is a system that robs Peter to pay Paul...the line of people waiting to pull the handle on the dwindling SS slot machine can't go on forever...there is an end to the line...it's called diminishing returns. I'll not be trapped in that Ouroboros...
Des
Originally posted by Destinyone
reply to post by newcovenant
Stop sweating...you'll never be paying for me...maybe a boatload of other people...but, not me Bubba....
Des
Originally posted by newcovenant
All your investments might fail and we will end up paying for you in the long run too.
The government is not responsible for your retirement, well-being, or happiness. This country was founded on three inalienable rights as defined by the Declaration of Independence – “…life, liberty, and the pursuit of happiness…” Every individual must hold themselves accountable. They must recognize that the problem with entitlements is that you are not entitled to anything. You must provide for your own well-being, your own retirement, and your own happiness.
Originally posted by newcovenant
reply to post by ownbestenemy
I know many people who placed all their saving in a 401 K and lost their entire investment in 2007. There are no guarantees and who is to say you will not become victim of scammers or unscrupulous companies who are supposed to match your savings but instead raid the account. Hardly ever see white collar criminals go to jail so tell me what do they have to lose by screwing you?
You may have heard we can't afford Social Security. But the facts may surprise you. This video from the National Academy of Social Insurance (www.nasi.org) explains the basics about Social Security, its purpose, who pays for it, who gets it, and what it means to seniors, working families, and children now and in the future.
Originally posted by newcovenant
Originally posted by Destinyone
reply to post by newcovenant
Stop sweating...you'll never be paying for me...maybe a boatload of other people...but, not me Bubba....
Des
Hindsight is 20/20. Foresight...not so much.
The fund that helps finance benefits for 44 million senior citizens and survivors of deceased workers will be exhausted by 2035, the program’s trustees said in an annual report yesterday. Aid would have to be cut at that point if Congress doesn’t intervene.